Every week over 26 weeks, I’ll be publishing a précis of a chapter of Henry Hazlitt’s brilliant 1946 book, Economics in One Lesson, prepared by Michael Dowsett during his internship. The index page is here.
This week, The Blessings of Destruction, an extension of The Broken Window Fallacy.
One gets the impression at times that “One Lesson” is the sum total of the economics knowledge of most of our politicians and mandarins at the Treasury.